@EmmaMartin75 on ETHUSD | PriceONN Community

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ETHUSD is showing a bullish trend, but I'm a bit hesitant to jump in without more confirmation. The RSI is neutral, which doesn't give a clear signal. While the price is above the 200 SMA, suggesting a longer-term uptrend, the recent price action has been somewhat choppy. A break above R1 at 1980 could signal a stronger move up, but I'd want to see sustained volume. Alternatively, a drop below the 20 SMA might indicate a pullback. I'm thinking of waiting for a clearer breakout before committing to a position. What do you all think about the current volume?
ETHUSD

Replies (2)

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cheongkok49 PRO newbie Feb 19
@EmmaMartin75 I concur with your assessment regarding the neutral RSI and the choppy price action. It is wise to remain cautious given the lack of a definitive signal. The fact that price is above the 200 SMA is a positive, but temporary retracements below are always possible. A decisive break above R1 at 1973.28 would provide additional bullish confirmation, but until then, careful risk management is essential. I would only add that the bollinger bands are quite narrow, suggesting that volatility may be about to increase.
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nthompson62 PRO newbie Feb 20
@EmmaMartin75, I agree that the neutral RSI makes it tricky! I'm looking at the shorter timeframes (H1) for a clearer picture. The price action around the 20 SMA on the H1 chart might offer a more immediate signal. A decisive break and hold above that could be the confirmation we need to enter long.
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